Group 1 Automotive Increases Share Repurchase Authorization to $75 Million

HOUSTON, May 12, 2017 /PRNewswire/ --Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today announced that its board of directors increased the Company's common stock share repurchase authorization to $75.0 million. Purchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations, in the open market or in privately negotiated transactions. The Company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.

Group 1's board of directors also declared a cash dividend of $0.24 per share for the first quarter of 2017. The dividend will be payable on June 15, 2017, to stockholders of record on June 1, 2017.

About Group 1 Automotive, Inc. Group 1 owns and operates 159 automotive dealerships, 210 franchises, and 45 collision centers in the United States, the United Kingdom and Brazil that offer 30 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.